Hungary moves on interest rate as inflation threatens and forint flounders
The National Bank of Hungary has reduced its base interest rate by a quarter point, down from last month's 7.25% to 7%.
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The National Bank of Hungary has reduced its base interest rate by a quarter point, down from last month's 7.25% to 7%.
EU leaders agreed on the bloc's political leadership for the next five years at a summit in Brussels despite resistance from the leaders of Italy and Hungary, Georgia Meloni and Viktor Orbán.
EU leaders have concluded talks on who should occupy key power roles in Brussels over the next five years.
Hungarian Prime Minister Viktor Orban has met with French President Emmanuel Macron in Paris ahead of Hungary's EU presidency, which begins on 1 July.
Hungarian Prime Minister Viktor Orban dropped into Berlin on Friday ahead of Hungary taking over the rotating EU Council presidency for six months.
STUTTGART, Germany :Ilkay Gundogan set up a goal for Jamal Musiala and then scored himself to give Germany a comfortable 2-0 win over Hungary in Group A on Wednesday that made the host nation the first side to qualify for the knockout stage at Euro 2024.
DUESSELDORF, Germany : Whisper it quietly but their is growing belief that the Hungary side who start their Euro 2024 campaign against Switzerland on Saturday can be the one that finally emerges from the shadows of the nation's soccer heyday.
Peter Magyar rose to prominence following a scandal involving a presidential pardon in a child-abuse case. He resigned from his position as public administrator, quitting the Fidesz party and condemning it as authoritarian and corrupt. Since then, Magyar has made one revelation after another about the party, raising his profile at meeting after meeting. Last April, he brought together almost 100,000 people on to the streets of Budapest.